Italian Restaurant
Location New York,United States
Asking Price Range $250K - $500K
Gross Revenues $900000
Net Profit / Cash Flow $150000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1977
Number of Employees 20 - 34
Inventory 50000
Relocatable No
Number of Employees 20 - 34
Real Estate Leased
Training Reasonable.
Reason for Sale Retirement.
Description Successful Long Island Italian family style restaurant offering good food at a moderate price. Features include seating for 200+, banquets, special theme nights, off premises catering, an expansive bar, luxurious decor and free delivery. This restaurant has had a long established great repuation for excellent food and service in the upscale community and surrounding areas it serves. In business since 1977. The building which features old world charm is available for a long term lease from the owner. Sales of approx 900k/year. Asking only $450k. Will accept terms. When inquiring, please refer to listing #1203. Also available as a group of four restaurants, three Italian (one in Florida, two in Long Island) and one steakhouse in NYC. Group annual revenue is $3.5M, asking $1.6M. When inquiring about the group please refer to #1207. Broker cooperation welcome. BBN Broker: Acquest Corporation. Email or call (516) 908-6658 for more information on this Italian Restaurant for sale.
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